Quarterly report pursuant to Section 13 or 15(d)

PROPERTY AND EQUIPMENT

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PROPERTY AND EQUIPMENT
 9 Months Ended
Jan. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY AND EQUIPMENT

NOTE 5 — PROPERTY AND EQUIPMENT

 

As of the dates presented, property and equipment consisted of the following:

 

    January 31, 2024     April 30, 2023  
Site costs   $ 203,320     $ 203,320  
Land     352,718       352,718  
Computer equipment     3,766       7,265  
Vehicle     39,493       39,493  
Total     599,297       602,796  
Less: accumulated depreciation     (133,082 )     (111,871 )
Total   $ 466,215     $ 490,925  

 

For the nine months ended January 31, 2024 and 2023, depreciation expense amounted to $24,710 and $28,462, respectively. For the three months ended January 31, 2024 and 2023, depreciation expense amounted to $8,237 and $8,237, respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.

 

 

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JANUARY 31, 2024